Positive News Coverage Somewhat Unlikely to Affect Intercontinental Hotels Group (IHG) Share Price
Press coverage about Intercontinental Hotels Group (NYSE:IHG) has been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Intercontinental Hotels Group earned a coverage optimism score of 0.34 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4647537327985 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Intercontinental Hotels Group (IHG) Sees Significant Drop in Short Interest (americanbankingnews.com)
- Fergus Stewart Named Vice President Luxury Operations Europe for IHG (hotelnewsresource.com)
- InterContinental to launch new brands in China and APAC (finance.yahoo.com)
- Form 6-K INTERCONTINENTAL HOTELS For: Oct 16 (streetinsider.com)
- InterContinental opens new hotel in Singapore (tradearabia.com)
Shares of Intercontinental Hotels Group (IHG) opened at 54.23 on Wednesday. Intercontinental Hotels Group has a 52-week low of $39.84 and a 52-week high of $57.80. The company’s 50-day moving average price is $51.44 and its 200-day moving average price is $53.77. The firm has a market cap of $10.63 billion, a PE ratio of 24.32 and a beta of 1.36.
The business also recently announced a special dividend, which was paid on Friday, October 6th. Investors of record on Friday, September 1st were paid a $0.33 dividend. The ex-dividend date was Wednesday, August 30th.
A number of analysts recently issued reports on IHG shares. Zacks Investment Research raised Intercontinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub cut Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Intercontinental Hotels Group in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Intercontinental Hotels Group has a consensus rating of “Hold” and an average price target of $44.00.
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About Intercontinental Hotels Group
InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.
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